MF News

Reliance Capital Trustee Co. Ltd / Reliance Nippon Life Asset Management Limited have decided to temporarily suspend the ongoing subscriptions in Reliance Ultra Short Duration Fund, with effect from 13 September 2019. Moreover, no dividend will be declared during this period.

Tata Mutual Fund has announced 19 September 2019 as the record date for declaration of dividend on the face value of Rs 10 per unit under the monthly dividend option in regular plan and direct plan of Tata Arbitrage Fund. The amount of dividend will be Rs 0.04 per unit under each plan as on the record date.

UTI Mutual Fund has announced 19 September 2019 as the record date for declaration of dividend under Dividend Option-Retail Plan and Dividend Option-Direct Plan of UTI Multi Asset Fund. The quantum of dividend will be Rs 0.085 per unit or 0.85% on the face value of Rs 10 per unit.

PGIM India Mutual Fund has announced that Avinash Aganwal has ceased to be a Fund Manager and Key Personnel of the PGIM India Asset Management Pvt. Ltd, and the fund manager of PGIM India Long Term Equity Fund with effect from 13 September 2019. The Scheme will now be managed by Srinivas Rao Ravuri, Chief Investment Officer – Equity, with effect from 14 September 2019.

SBI Mutual Fund has unveiled a new fund named as SBI Capital Protection Oriented Fund – Series A (Plan 6), a close ended Capital Protection Oriented Scheme. The tenure of the scheme is 1350 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 12 September 2019 to 26 September 2019.

The investment objective of the scheme endeavors to protect the capital by investing in high quality fixed income securities that are maturing on or before the maturity of the Scheme as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective.

The scheme offers regular and direct plan. Both the plans will have growth option only.